The art of generating strong dividends. Our aim is to distribute an attractive annual dividend to our shareholders on their investment. To achieve this, we generate the maximum possible cash flow from our shopping centers' long-term, turnover-linked rental contracts. The funds produced by this allowed us to distribute a dividend yield of 5.8% to our shareholders in 2003. In 2004, too, Deutsche EuroShop remains one of the most interesting stocks in Germany in terms of its dividend yield, with a distribution of € 1.92 per share.

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